Despite reduced stakes by UBS AM and insiders, Hess Co. reported a 12.7% revenue increase, topping analyst forecasts.

UBS AM and other hedge funds have reduced their stakes in Hess Co. (HES), with UBS lowering its position by 1.4%. Despite this, Hess's revenue increased by 12.7% year-over-year, and it surpassed analyst expectations with $2.14 EPS. Analyst ratings range from "Hold" to "Buy," with a consensus target price of $163.30. CEO John B. Hess and SVP Geurt G. Schoonman have also sold shares, totaling 314,370 shares sold by insiders recently.

November 30, 2024
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